SECTOR EXPERTISE Power, Utilities and Infrastructure Absa | Corporate and Investment Banking > Sector Expertise > Power, Utilities and Infrastructure Your partner in facilitating complex projects across the continent We provide tailored financing solutions and expertise to meet Africa’s growing energy and infrastructure demands. TOTAL DEAL VALUE R70bn + DEALS DONE 33 + THOUGHTS FROM OUR LEADERS Powering up the African continent One of the key factors inhibiting commerce and development in Africa is the inadequacy of world class infrastructure to support power, water, ICT and transport services – therein lies an enormous opportunity for firms operating in this sector. Electric power has consistently attracted the largest portion of new capital in Africa. And yet the continent still only has an electrification rate of 30%, thus power remains a substantial area for potential growth. Beyond electricity, significant opportunities exist more broadly across infrastructure – these include roads and rail networks, telecoms, ports & airports, healthcare and social infrastructure. While the need is clear, the financing of these projects remains a challenge. The African Development Bank (AfDB) estimates that Africa’s infrastructure requirements amount to between US$130 billion and US$170 billion per year – with a financing gap in the range of US$68 billion and US$108 billion. These figures are far higher than previous estimates. As a leading pan-African financier, with an on-the-ground presence in 10 countries across the continent, we believe we have a key role to play in closing this gap. At Absa CIB, we work with multinationals, developers, engineering, procurement and construction firms, equipment manufacturers and other stakeholders, and pride ourselves on having the necessary expertise to structure the complicated funding of large infrastructure projects in emerging markets – assisting our clients to navigate the associated risks to win in these territories. We partner with you to make things happen. Bhavtik Vallabhjee Head: Power, Utilities & Infrastructure https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Latest insights A look at the factors driving infrastructure projects across the continent today. POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Power Trading to Surge in African Renewables Renaissance The African energy market is maturing and becoming increasingly de-centralised as renewable energy projects have surged. Read more POWER, UTILITIES & INFRASTRUCTURE INSIGHTS The hidden value of waste in the renewable energy ecosystem “China's manufacturers are pumping out so many solar panels that the resulting global glut has caused prices to tank. Solar panels — 80% of which are made in China — are so cheap that they're now being used to line garden fences in Germany and the Netherlands”. Read more EVENTS Africa Energy Forum 2024 Collaborating with our clients to enable the next generation of sustainable renewable energy transition, is a story we are proud to be part of. Read more POWER, UTILITIES & INFRASTRUCTURE INSIGHTS A reform of the Logistics sector is critical for SA economy As we review the national budget for 2024, one of the key pieces of the economic growth puzzle is the logistics sector in our country. Read more POWER, UTILITIES & INFRASTRUCTURE Renewable Energy Solutions An innovative new Supplier Development partnership between Solana Energy and Absa Corporate and Investment Banking (CIB) has ensured the democratisation of access to solar energy that will allow high-impact social initiatives to continue their critical work. Read more POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Africa’s race to the sun (and other alternatives): Who is winning? One of the most emotive subjects in Africa currently is the energy transition from fossil fuels to cleaner energy, with the mining and resources sectors at the sharp end of the debate. Read more Subscribe to newsletter Please enter your contact information to receive news and updates. Full Name Company email address I would like to receive marketing communications from Absa CIB Subscribe By clicking Subscribe, I confirm that I have read and accepted the Terms of Use and Privacy Statement. OUR TRACK RECORD Feedback from our clients “Absa provided us with advice on matters related to project finance and maximising interest income on excess cash. The service received has been outstanding and we have had better-than forecasted interest earnings as a result of the guidance and restructuring provided by Absa CIB. We have also received substantial support for decision making purposes when it comes to financial instruments held with Absa.” Dorper Wind Farm – South Africa President, Trade Association - Africa "Absa has been a partner bank to ACWA Power since our first successful project bid, providing the group with project financing, working capital as well as mandated as the account bank for the project. Absa has provided great value through its service, tailored solutions, valuable insights and advisory to the group." ACWA Power – UAE and Africa President, Trade Association - Africa "As a partner bank to Marubeni for over 6 years, the Absa team has provided awesome service in assisting us to establish our South Africa office. Their always-available attitude has supported us to facilitate our entry into both the South African and African Market." Marubeni Middle-East & Africa Power Limited – Japan President, Trade Association - Africa "Having a Pan-African banking partner is very important to the group as it gives us a competitive advantage in the market. We are now able to go for the projects we want because we have a partner bank that understands our business and is ready to help us materialise our growth ambitions in the continent." Gransolar Group – Spain President, Trade Association - Africa Contact us 0860 500 703 +27 (0) 10 211 3117 rsc.corpprc@absa.co.za Subscribe for quarterly updates Analysis and data-driven insights for a changing world – delivered directly to your inbox. 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